News | Danish coatings company


Hempel takes over Wattyl in Australia and New Zealand

Lars Petersson, president and CEO of the Hempel Group.

Lars Petersson, president and CEO of the Hempel Group.

The Danish coatings manufacturer Hempel has taken over Wattyl, a coatings manufacturer and retailer in Australia and New Zealand. Wattyl operates almost 100 outlets there and has a similar business model to the British Hempel subsidiary Crown Paints. Annual sales are reported as being EUR 150 mio. The Wattyl brand will remain unchanged and will have the phrase "A part of Hempel" added to it. Managing director Matt Crossingham will also be keeping his position. The seller is the US American global market leader Sherwin-Williams.

The takeover is a part of the "Double Impact" strategy with the declared objective of doubling Hempel's sales of currently EUR 1.5 bn within five years. "Doubling our revenue will allow us to double our positive impact by investing in more sustainable coating solutions, innovation and digitalisation," says Lars Petersson, president and CEO of the Hempel Group.

|23 February 2021 | 11:42

More about the company

Post a comment

* Please complete the areas marked in red correctly and in full!.

(will not be published)

* obligatory fields

Latest news

Mr. DIY confirms market entry into Turkey

Mr. DIY, Southeast Asia's largest home improvement chain, has announced its entry into Turkey, confirming a March 2021 DIY International report on View news...

Hornbach aims to operate its first energy-neutral store

The German DIY store group Hornbach has opened the first store that it intends to operate on an energy-neutral basis. Located in Apeldoorn in the View news...

French garden market extremely positive in a two-year comparison

For the French garden market, August was the third month in a row to exhibit a downturn compared with 2020 at -6 per cent. Because 2020 was an View news...

Spoga+Gafa reports a significant response and strong booking figures

In "greetings from the Spoga+Gafa team" on LinkedIn, fair director Stefan Lohrberg has expressed his confidence in anticipation of the View news...